STFU

The thought of our remaining three directors conduct talks with potential investors over the future of the club fills me with fear. These are some of the same people who wanted to hand the keys to Makwana.

I don't see how they could get to the required 50.45% shareholding the offer requires without others giving up/gifting their shares. On that basis the offer may have been a non starter.

And that's only the stuff he could safely print given threats of legal action being flung around. Gardiner is an absolute fantasist.

There are also a few conversations on social media where people who have donated to the fund believe that if it does not reach the £200k their donation will be refunded. If we roll back to 7 weeks ago we were told that the club had been saved from administration and a lot of fans bought season tickets and merchandise on the basis of that assurance. We were then told that the club needed £200k by 16th October to prevent administration and then it was strongly intimated that even with £200k administration was still very likely. It was then spun that the crowdfunder would somehow help get the club through administration because it would add to the money the club already has in the bank. I took the first instance at face value and purchased a season ticket but the crowdfunder and accompanying narrative was a huge red flag so I haven't contributed. Fool me once etc. Absolutely no detail was given during the fan meeting which was little more than a 'we're all in it together' PR exercise which leaned heavily on rallying everyone behind a dislike of Gardiner. Savage said in the press that fans deserved to know everything 'warts as well' but we've barely been given sight of a prawn mayo stain on a boardroom tie. Have we had full honesty? I don't believe so and I suspect there's a lot being kept under wraps to protect directors (present and recently departed) from legal accountability. If we're being real there's not a single person who's going to put £3.5 million in to clear debts and another £1.5 million to get to end of the season. Why would they when they can wait for administration and 'buy' the club for a fraction of that price? Administration is inevitable and what we need to hope for is getting through that and having someone both willing and able to run the club on the other side.

No we drew as Ferguson doesn't pay any attention to penalties in the same way as he doesn't pay attention to league tables. Is it a midweek replay?

If I'm understanding it right by making satisfying football debts a condition of retaining league membership the administrator then has to prioritise it because a club without league membership is worthless. League membership is treated by the administrator as an asset with conditions attached. Also as I understand it the remainder of player/manager/coach contracts are not a debt and it's only any outstanding wages that fall into that category. Based on the information we have that is all up to date with the possible exception of Ferguson as we don't know if he's deferring wages. If he is then that's a debt that will need paid.

Not a question that can be answered until we see the impact on the football personnel/players as a result of administration.

Hoping the news is good from Charlie Reilly's scan on his hamstring.

Come on. I've raised some disagreements with how the supporters trust have done things but criticising them for holding a meeting at a place where anyone having a refreshment will be contributing to the club is taking it a bit far whether that's their intention or not. I agree with what you say about getting some answers and discussion around the questions submitted though. Chances are we'll be admin by then and some idea of the plan for that will also be known.

Twice. Once on the way down and again when you throw it up

Legally he can't be working/employed for free. He may not be taking a wage at present but it's more likely this is him deferring payment and it will have to be paid at some point. Only charities and not for profit organisations can have volunteer staff. The club may be a long way from making any profit but they are still a for profit organisation.

You don't have to be a financial expert to look at a set of accounts and know that 7 figure negative numbers are a bad thing.

Without sorting out the off field problems then there is no club going forward at any level. Administration is the only realistic means of achieving that. We all need to get thoughts of returns to the championship in x number of years out of our heads for now. Whilst we initially climbed through the leagues without reckless spending there was still sizeable financial contributions being made each season by a few different people over the years. None moreso than Sutherland/Tullochs who saved us from a very similar position previously. Although the circumstances causing that were a bit different. Most of these people are done with providing financial windfalls and we're fortunate to have someone willing to make one laat contribution to dig us out of the whole. The club must be rebuilt on a self sustaining basis. Even with the potential for investors coming in they cannot be allowed to run up debt to anyone including themselves. Invest in infrastructure and improving income and not on unsustainable player wages etc.

I've just watched the video and found it very disappointing. It was a total poor me show from the remaining directors who spoke more like they felt they were victims when they are in fact the enablers who allowed this to happen. The audacity of Gordy Fyfe to stand up and wax lyrical and take credit for the community trust whilst totally ignoring his responsibility as a director of the football club is other level. I still can't understand how they can claim ignorance to what was happening when so many fans on the outside could see it. As I've said before where do they think all the loans they were giving were going? They prattled on about puma deals and losing money on young players who moved on but that's only accounts for a fraction of the money the club has lost in the last 5 years. They avoided questions they didn't want to answer by saying they wanted to look forward but spent most if the time themselves talking about how they'd been duped in the past. Grassa even tried to defend Ross Morrison at one point which was unbelievable. Scott Young is the only one I'd make any allowance for and the other two should hang their head in shame at having pushed him to the front the way they have. Now more than ever I want administration. Not only to try and fix the clubs financial position but because the last of that board (Scott aside) also need to be gone.

Feels like the meeting was little more than an exercise to gauge fan feeling on administration while trying to get/keep people on side by rallying everyone behind anger towards Gardiner. There's nothing in reports that we didn't already know or suspect and no detail on what we're spending £260k a month on. That should have been the first question answered.

This quote from Alan Savage in the courier. "The key is we can’t look back, the only solution is looking forward. That is what the meeting wants to be about. It is no good hanging this board, as they weren’t the people who have had any part in what has happened." https://archive.ph/CsCsw Also mention of international interest in investing but we've been hearing that for a while now. We don't need tyre kickers.

It may not be your area if expertise but that doesn't mean you're not clever/smart. Fans shouldn't have to be versed in the business and legal aspects if running a football club but they should be able to trust that those doing so are. Most fans just want to go along to games and be entertained. They want to see the team battling and being successful. The fact fans are having to focus more on what's happening off the pitch than on it and having to consider piling in crazy amounts of money to try and save the club is not what being a fan should be about.

Good observation as there are two things going on here with a need to clear debts and one to reduce spending. Even if debt was cleared tomorrow we'd still have unsustainable costs.

I didn't criticise anyone but you have to admit that it's a bit mad that we've gone through all this in the last couple of months only to end up right back where we were in the approach to saving the club. We were hoping for a hail mary then and we're pursuing the same hail mary now.

To summarise. Ross Morrison and Scot Gardiner got us into this position by gambling the clubs existence on grand schemes including the battery farm and Seventy7 ventures while begging and borrowing from everywhere. Alan Savage came in and has been highly critical of these things but now seems to be asking fans to give money to buy some time in the hope that something comes to the rescue from the battery farm or Seventy7 ventures? If it wasn't my club it would be laughable.

Here's hoping they do and are prepared to do so every month until the end of the season.

Another way to look at it is that if you remove the £20k and work out the average donation it is just over £30. With £135k still to raise that requires around 4500 further donations at the same level as we've seen so far.

Alan Savage has intimated that clearing debt owed to suppliers was prioritised and it has not been mentioned as still outstanding in the last couple of statements. From that I take it that the only outstanding debts are what is owed in director loans and maybe Puma. HMRC will have been cleared as SFA/SPFL will penalise for that regardless of admin or not. If we were to choose the administration route then it would be those who have provided the loans to decide our future as they would need to agree terms on a CVA for write off or repayment terms. If agreement can't be reached then we would be liquidated. That would mean assets handed over in settlement or selling to the highest bidder. That could remove any potential claim in battery farm proceeds and put carparks further out of reach. Either way it places the clubs future in the hands if past directors. Can they be trusted or are they financially able to ensure the club isn't liquidated? I still edge towards admin being the way to go. As is we are slowly sliding towards oblivion. Admin just means that decision is taken now instead of it dragging on and hoping for a miracle. It's doing that which got us here now.

Went on twitter to see what the pre match craic was and it's full of idiot ict fans arguing with idiot rangers fans. Boring.